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Answer will be B. For explanation, refer voice note above. All the best πππ
Ram started business on 1.4.20 with capital of 5L. He incurred loss of 1 L during PY 2020-21. His wife gifted 4 L on 1.4.21, which was immediately invested. He earned profit of 2 L during PY 2021-22. What is the amount to be clubbed in wife's hand?
Answer will be C dear. Plz refer above voice note for explanation ππ
If goods is owned by Seller and Inventory is managed by E-commerce vendor like Amazon, which model of E-commerce is this?
Dear, this is not a case of compulsory acquisition by Govt. However, post 2013, all major land acquisitions for public good purpose are done under RFCTLARR Act (discussed in Capital Gains chapter) which exempts the compensation. Hence, it will be exemptππ
A person's land was acquired for bullet train project by Govt. entity. What will be the taxability of compensation in hands of Assessee?
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#CASE STUDY 20
πΈCHARTERED GURUπΈ
πΈCase study SeriesπΈ
πM/s X Limited was formed as a private company
πItβs shareholders include
π165 single holders
π30 Couples holding shares jointly (totalling to 60 persons)
π100 Employees who have been allotted shares of the company during their employment (out of which 60 employees have left the job with this company but they are still members (shareholders) of the company)
πHas the company exceeded limit of 200 members and if yes should it register as a public company ?
